BC TRADINGTHREAD
Saved by @TraderYogi999

A COMPLETE BREAKDOWN OF MY MOMENTUM DAY TRADING PROCESS.

[THREAD]

 A process is just a set of rituals you complete consistently every single day to achieve a certain outcome (profit).

A process requires an edge which is simply a statistical advantage you have over other players. A strong psychological state can be considered a bonus edge.
I believe that trading can be split into three elements:

1) Knowledge and idea generation
2) Method and trade execution
3) Risk management and mindset

Each element is necessary and it builds a solid foundation in your trading process.

These factors make up the trading trinity.
MY SCANNING PROCESS:

In PM, I look for:
- Top gainers (40%+)
- Notable volume on gappers
- News or catalysts (to justify gap)
- Float (<50M)
- Market cap (<500M)
- Range (check daily)
- Price (<25)
- Stock personality (check daily)
- Filings (cash on hand and offering potential)
I like to use websites such as:
- https://t.co/dGrDjwtOR8
- https://t.co/Vc256oZCre
- https://t.co/AFrA2ebGr6
- https://t.co/N9nDmqz54E
- https://t.co/0aEt36amzx
- https://t.co/K5b5oercFQ
- https://t.co/VogPh4QNHM
- https://t.co/OoMHVH19CX
Usually, I’m left with ~5 stocks in a warm market. I make 2 stocks my main watches and the rest are on the back burner.

I hone in on my top 2.

Also, I have any names that have had momentum and held trend in the prior days as back burner watches since they may see continuation.
Next, I go through all of the charts for the stocks that I’m interested in.

I want to identify:
- Prior ranges (since I believe stocks will trade in ranges until they breakout/down)
- Key levels from the daily
- PML and PMH

Also, I take note of the trend and the 50 and 200 SMA.
MY TRADE SETUP:

INDICATORS:
- 9 EMA = Red
- 20 EMA = Light Blue
- 50 SMA = Yellow
- 200 SMA = Green
- VWAP = Purple
- Volume Bars

TIME FRAMES:
- 5 Minute
- 1 Minute
- 1 Day
My entries will vary depending on price action and the likelihood of a stock coming down to my level.

I prefer to dip buy most of the time because breakout trades require a certain market condition.

I try add as close to major key levels as possible for low risk/high reward.
I don’t know exactly what level a stock will come to so I monitor which range they’re current trading in and I assume they continue trading there.

When it comes down to a channel line or key level. I look to see if price respects that level for an entry with risk just beneath.
If price does end up respecting that level then I will take an entry with risk just beneath the level.

I don’t breakout add unless the market is hot. I would rather for a breakout and re-test and get my adds there.

I flick between the 1m and 5m and I mainly watch candle bodies.
Alternatively, I will play more seasonal strategies and chart patterns which require their own set of rules.

Seasonal strategies are simply strategies that are high probability given the current market conditions.

*I go through and explain some strategies in my pinned tweet.
I do take into consideration supply and demand but I may not draw zones instead I try to have a key level to cover a point in the zone.

I constantly assess sentiment and I always ask myself: “Who’s in control and who’s stuck?”.

This helps me better understand the price action.
I’m selective when it comes to picking my stocks and I’m averse when it comes to taking on big risks.

I love asymmetrical bets where risk/reward and probability is skewed heavily in my favor.

I have a max pain of 10% on a trade and I will risk <2.5% of my account on a trade.
When it comes to position size, I like to go heavy since my downside risk is minimal and I will quickly cut for a paper cut loss. Also, I will move my stops to break-even after a leg up.

You can calculate position size by:

Max risk / (Entry price - Stop price) = Position size
It goes without saying but my risk levels are set around key technical or psychological levels.

I believe these levels to be potential pivot points so I’m really strict at cutting my losses because if I carry on holding then price is likely to flush.

I don’t hold bags!
When it comes to scaling, I have different approaches…

Either I will:

1) Scale most (50%+) on the first target and move my stop to entry
2) Let the stock work and only scale out small amounts (~10%) at key resistances and ride the trend based on the 20 EMA on the 5m
At the end of the day, I close out all of my positions since I’m a day trader.

However, I take note of runners that remain strong and AH movers depending on their action and their close.

I will chart these names when market closes. I keep them on back burner watch the next day.
This is simply my style and strategy that suits my lifestyle and my personality.

It’s what I find consistency, repeatability and profitability in.

It works for me but it may not work for you.

You can take this thread as a guideline and adapt it to fit your way of trading.
Another thing is I’ve recently been using ADR% as a metric to determine range.

Ideally, I want an ADR% of 10+ because I’m interested in explosive momentum moves.

Also, you always want to keep an eye on volume. You don’t want volume to fall off a cliff for a trade you’re in.
As for my trading rules, here are a list of 15 principles that I live by:
It’s not rocket science whatsoever.

Keep things simple and be able to do them time and time again with ease.

There’s no need to make things complex and sophisticated when they don’t need to be.

It’s better to have something straightforward where you just need to execute well.
Also, a big shoutout to @MullinsMomentum, @Tuckerbrees, @RocketCatchnBob, @bear_fuker and @singlesdoubles because they have heavily influenced my trading style and they have helped me find a niche in day trading.

In many ways, my strategy is inspired and derived from their own.

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Take 100 charts and study the trend. Make a journal and explain to yourself if you were trading those 100 charts, which pullback would you have entered and what would have been you risk/reward and best entry!
Backtest Entries! Very important
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My hyper specific @unusual_whales strategy, The Blue Whalevator. A Thread.

This is an intraday strategy I've developed. It only takes huge whales, waits for confirmation, and filters out 99% of plays.

Fewer trades but high prob setups for bigger

The requirements are so specific and narrow that you will only get a few alerts a day. Once you get the alert, follow the checklist.

Today, the method took two trades so far.

$UPST 200c 9.00 > 12.20
$UPST 195c 10.30 > 15.00


The benefit of being hyper specific & requiring a long list of criteria protects us from false signals such as this one on $TSLA today.

Confirmation never hit and the move gave a false positive before breaking down. There's now a whale somewhere with an angry wife.


Here's another signal today that we would've not traded as it didn't meet the confirmation criteria.

As we are focusing intraday, we need to see moves in the desired direction occur relatively quickly to show that the momentum is there for an intraday play.

$NFLX


On Friday, the strategy went 3/3 moves for good gains.

It filtered out many more false signals by waiting for confirmation criteria.
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hassytrades\U0001f310
hassytrades🌐
@hassytrades
THREAD DOWN BELOW FOR TRADING
Within this thread I will go over educational content you can read and watch, chart patterns, best platforms to use and more
$prog $metx $nept $bxrx

Rules that i follow on a day to day basis
1) Make sure I have a plan when buying a stock
2) Move SL up as go along
3) Stay strict with my support and resistance levels
4) Scale as the stock price moves up

My favourite book to read
- How to day trade for a living by Andrew Aziz
-


The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment (like a stock) over time. The EMA is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data.

Moving average (MA) a used technical indicator that smooths out price trends by filtering out the “noise” from random short-term price fluctuations. When asset prices cross over their moving averages, it may generate a trading signal for technical traders.
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\u26a1\ufe0fdrippy \u26a1\ufe0f
⚡️drippy ⚡️...
@drippy2hard
Let’s say you start with 1k and your win rate is 70%. You take 30% profit and 30% loss fixed. End of 100 trades you net around 45k excluding fees.

If your win rate is 60% you end up with 2k.

What’s the lesson? Be selective and keep your win rate high. You’ll win

#driptip

How to ensure win rate is high?

Buy calls at support and puts at resistance

Trade highly liquid names to avoid slippage

Take advantage of breakouts
I’ll suggest just scalp every day

Don’t wait for 30% loss, use time based stop loss. 5m trade didn’t work, get out

#driptip

How to ensure you loose less?

Stop over trading

Stop chasing or FOMO

Stop buying weeklies on Thu

Don’t wait for 30% profit target. If it’s not working, sell for 10%

Stop trading strikes with wide spread

Which setups will work for this strategy?

Find setups with higher ATR and identify a trend 30 min after market open, ride the trend

Find setups with higher relative volume first 30 mins and ride trend

Find setups right at 10m 34-50 EMA and ride trend

#driptip

How to scan with these parameters?

Use finviz
Use trading view
Use thinkorswim (it’s free)
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Trader knight
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@Traderknight007
A mega thread, this contains some of my popular threads which may help you in your trading.

Thanks for reading :)


Pyramiding


Don't change your trading


Trendlines


Scaling in-out
TECHNICALS , TRADING1 , TA NOTES

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You have a finite amount everyday, so spend it wisely.

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#தினம்_ஒரு_திருவாசகம்
தொல்லை இரும்பிறவிச் சூழும் தளை நீக்கி
அல்லல் அறுத்து ஆனந்தம் ஆக்கியதே – எல்லை
மருவா நெறியளிக்கும் வாதவூர் எங்கோன்
திருவாசகம் என்னும் தேன்

பொருள்:
1.எப்போது ஆரம்பித்தது என அறியப்படமுடியாத தொலை காலமாக (தொல்லை)

2. இருந்து வரும் (இரும்)


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4.அறியாமையாகிய இடரை (தளை)

5.அகற்றி (நீக்கி),

6.அதன் விளைவால் சுகதுக்கமெனும் துயரங்கள் விலக (அல்லல் அறுத்து),

7.முழுநிறைவாய்த் தன்னுளே இறைவனை உணர்த்துவதே (ஆனந்த மாக்கியதே),

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முதல்வரி: பிறவி என்பது முன்வினை விதையால் முளைப்பதோர் பெருமரம். அந்த ‘முன்வினை’ எங்கு ஆரம்பித்தது எனச் சொல்ல இயலாது. ஆனால் ‘அறியாமை’ ஒன்றே ஆசைக்கும்,, அச்சத்துக்கும் காரணம் என்பதால், அவையே வினைகளை விளைவிப்பன என்பதால், தொடர்ந்து வரும் பிறவிகளுக்கு, ‘அறியாமையே’ காரணம்

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12 TRADING SETUPS which experts are using.

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2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili

Share for the benefit of everyone.

Here are the setups from @Pathik_Trader Sir first.

1. Open Drive (Intraday Setup explained)


Bactesting results of Open Drive


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Om Namo Narayanaya
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